Record ETH Sale: 5,299.5 ETH Transacted for $23.6 Million, Netting $11.84 Million Profit

In a recent update from COINOTAG on August 16th, significant movements in the Ethereum market have been recorded. An address identified as 0x90C…0a24C executed a sale of 5,299.5 ETH in a span of just 20 minutes, achieving an average transaction price of $4,453. This on-chain activity has resulted in a substantial total of approximately $23.6 million. Notably, the transaction generated a profit of $11.84 million, highlighting the lucrative opportunities present in the Ethereum ecosystem. The source of these funds stems from three distinct addresses, which collectively acquired 9,154 ETH at an average price of $2,218.6 during the early 2025 period. Such data underscores the volatility and potential profitability inherent in cryptocurrency trading, particularly within the Ethereum network.